India scraps civil service pension rules

clock •

INDIA - The State Government of Kerala has repealed a 2002 order which made civil service and public sector workers sign up to contributory pension schemes when entering employment, according to a report in the New India Press.

The controlling Left Democratic Front (LDF), a coalition of Marxist, socialist and ultra-left wing parties, pushed the measure through cabinet yesterday after a long standing opposition to the refo...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on India

India

India proposal to regulate pensions omits foreign investment

INDIA - India's government has presented proposals in parliament that seek to give statutory power to the country's pension regulator, while omitting any mention of allowing foreign investment in the provision of old-age income.

Bibhudatta Pradhan at Bloomberg News
clock 24 March 2011 •
India

GSAM boosts Indian footprint with ETF acquisition

INDIA - Goldman Sachs Asset Management has acquired India's largest ETF provider Benchmark Asset Management and announced plans to bring actively managed funds onshore.

Raquel Pichardo-Allison
clock 16 March 2011 •
India

Indian fund turns to micro-finance for first deposits

INDIA - A new scheme catering for workers in India's unorganised sector is looking for micro-finance loan providers to help members make their first contributions.

Jaishree Kalia
clock 06 October 2010 •
Trustpilot